Stratford on North Decatur Condominium

Key facts from Stratford on North Decatur Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Stratford on North Decatur Condominium Association, Inc. (Section 2.5)

Developer / declarant

North Decatur Road Associates, L.P. (First paragraph of Declaration)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (Article 2.1)

Special assessments

Permitted. Special assessments exceeding $200 average per Unit per fiscal year require approval by Majority of Total Eligible Association Vote. During Development Period, Declarant consent required. (Article 9.5)

Collections & liens

Assessments are a continuing lien on the Unit, superior to all liens except taxes and first mortgages. Enforcement by suit, judgment, and foreclosure as per Georgia law. (Article 9.2)

Reserves & fees

Board annually prepares a capital reserve budget and sets required capital reserve contribution. Contribution amounts are included in the annual budget and assessment. (Article 9.7)

Pets

Yes (Article 13.8) (Article 13.8 (title))

Leasing & rentals

Leasing is addressed in Article 14 (details not extracted) (Article 14 (title))

Architectural approval

Yes (Section 12.1)

Maintenance

Divided between Owner (Article 16.1) and Association (Article 16.2); details not extracted (Article 16)

Insurance

Deductible per occurrence for required coverage not to exceed $1,000 (Article 10(b)(viii))

Use restrictions

Units for single-family residential use only; ancillary home business permitted if no external signs/visitors/traffic/nuisance (Section 13.1)

Voting & meetings

Each Unit Owner is entitled to one equally weighted vote per Unit (Article 7.2)

Amendments

Amendment procedure is provided in Article 22.5 (details not extracted) (Article 22.5 (title))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.